Synchronoss Rises 16% in a Month: How Should You Play It?

Synchronoss Technologies (SNCR) shares have rallied 16.3% in the past month, outpacing the Zacks Computer & Technology sector’s appreciation of 6%. It has also surpassed the Zacks Internet - Software industry’s 11% rise and peers like Fortinet’s (FTNT) 6.7% growth over the same time frame.Synchronoss's recent positive share price movement has been driven by its strong 2024 revenue growth guidance. The company has indicated an upward revision in its expectations due to consistent growth in its cloud segment, ...